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Rudik [331]
3 years ago
11

For a linear demand curve: Multiple Choice a) elasticity is constant along the curve. b) elasticity is unity at every point on t

he curve. c) demand is elastic at relatively low prices. d) demand is elastic at relatively high prices.
Business
1 answer:
Masteriza [31]3 years ago
6 0

Answer:

Option (d) is correct.

Explanation:

Linear demand curve represents the relationship between the price of the goods and the quantity demanded for a particular good and there is a inverse relationship between the price of the goods and quantity of goods demanded.

The linear demand is elastic in nature at relatively higher prices. If there is a any increase in the price level then as a result the quantity demanded for that good decreases. Slightly change in the price level will lead to larger change in the quantity demanded.  

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Wildhorse Co. entered into these transactions during May 2017, its first month of operations. 1. Stockholders invested $31,500 i
ANEK [815]

Answer:

Kindly refer to the attached file for the tabular solution

Explanation:

Every transaction flows through the balance sheet and most times the stockholders equity.

This table carefully highlights the impact of each entry to the stockholders equity

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5 0
3 years ago
Form a correct sentence by unscrambling the following sentence en el espanol hay vocales cinco
-Dominant- [34]

Answer:

En el español hay cinco vocales.

Explanation:

6 0
3 years ago
The inflation tax refers to
Mandarinka [93]

Answer:

The correct answer is letter "D": the revenue a government created by printing money.

Explanation:

<em>When the government prints more money, there will be more supply of it. A higher supply of money tends to increase general prices causing inflation. Therefore, households will have to pay more money for goods and services which implies they will be paying more taxes, benefiting the government since it will have more money to finance its projects. </em>

The previous practice mentioned is implemented by governments that are not willing to increase the interest rate directly.

4 0
3 years ago
Read 2 more answers
A similarity between mortgages and auto loans is that both
belka [17]
A similarity between mortgages and auto loans is that both are less risky for lenders.
Lenders are the ones who lend money to those who need it urgently, in the form of a mortgage, or perhaps an auto loan. This money is going to be repaid monthly, or in whatever way the contract stipulates. It is less risky for the lender because legally, this has to be repaid.
8 0
3 years ago
The owner of a bicycle repair shop forecasts revenues of $160,000 a year. Variable costs will be $50,000, and rental costs for t
elena55 [62]

Answer and Explanation:

Revenue                              $160,000

Rental Costs                      $30,000

Variable Costs                      $50,000

Depreciation                      $10,000

Profit before tax              $70,000

Tax(35%)                              $24,500

Net Income                      $45,500

Operating cash flow

a) Dollars in minus dollars out

Revenue ? rental costs ? variable costs ? taxes = $160000 -$30000-$50000-$24,500 = $55,500

b) Adjusted accounting profits

Operating cash flow = Net income + depreciation = $45,500 + $10,000 = $55,500

c) Add back depreciation tax shield

Operating cash flow = [(Revenue ? rental costs ? variable costs) × (1 ? 0.35)] + (depreciation × 0.35)]

= ($160,000-$30000-$50,000)*0.65 + $10,000*0.35 = $55,500

Yes, the above approaches result in the same value for cash flow

4 0
3 years ago
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